Nifty opened gap up and traded with a positive bias throughout the day to close with gains of ~164 points. On the daily charts we can observe that the Nifty has resumed its upmove towards 25500 after a brief three-day consolidation. Hourly momentum indicator has a positive crossover which is a buy signal. Thus, we expect the positive momentum to continue over the next few trading sessions towards 25234 – 25360. Support base shifts higher towards 24920.

Bank Nifty broke out of a three day consolidation on the upside and is now inching towards 52500 which coincides with the 20 day average. Support base shifts higher towards 51400 – 51500.

(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)

3:50 PM

Comment: Indian market demonstrating resilience, with subdued Q2 earnings expectations

Global markets are showing mixed signals as China’s disinflation and weaker economic data suggest a potential further slowdown in global economic growth, already affected by rising geopolitical tensions.

Furthermore, the positive impact of the Chinese stimulus package seems to be diminishing. Meanwhile, the Indian market is demonstrating resilience, with subdued Q2 earnings expectations seemingly priced in and oil prices declining. The IT and financial sectors are attracting buying interest after recent corrections.

(Comment by: Vinod Nair, Head of Research, Geojit Financial Services.

3:47 PM

Stock Market Highlights LIVE Updates: Nifty Realty, Bank, IT gain

Among sectors, Nifty Realty outran others, soaring 1.61 per cent, and was followed by Nifty Bank and Nifty IT, while Nifty Media and Metal ended the day in red.

3:44 PM

Stock Market Highlights LIVE Updates: Wipro, Tech Mahindra, HDFC Life gain up to 4% on NSE

Tech Mahindra was the top gainer on NSE, and was followed by the likes of Tech Mahindra, and HDFC Life.

3:41 PM

Stock Market Highlights LIVE Updates: Broader indices underperform

The broader markets ended in green on Monday, however underperformed the benchmarks with BSE MidCap ending 0.28 per cent higher and BSE SmallCap closing 0.06 per cent higher.

3:38 PM

Stock Market Highlights LIVE Updates: Heatmap check

Tech Mahindra, HDFC Bank and L&T were among the top gainers on BSE Sensex, rising up to 3 per cent, while the likes of Maruti, Tata Steel and Bajaj Finserv fell 1 per cent each at close on Monday.

3:34 PM

Stock Market Highlights LIVE Updates: Nifty ends over 150 pts above

NSE's Nifty 50 closed at 25,127 level, up 163 points, or 0.66 per cent on Monday.

3:31 PM

Stock Market LIVE Updates: Sensex ends nearly 600 pts higher

The BSE Sensex finished 591 points, or 0.73 per cent above, at 81,973 level on Monday.

3:27 PM

Stock Market LIVE Updates: Inflation horse brought to the stable, has to be kept on a tight leash: RBI

RBI on CPI inflation, inflation forecast India: Even as the Reserve Bank of India (RBI) has changed its monetary policy stance to 'neutral' from 'withdrawal of accommodation', it remains mindful of the risks to inflation in the months ahead. It has highlighted adverse weather conditions, ongoing geopolitical conflicts, and a rise in select commodities as the key threats to its inflation forecast. Read more

3:19 PM

Stock Market LIVE Updates: Vijay Kedia portfolio SME stock has zoomed 31% in 2 days on heavy volumes

Shares of Affordable Robotic & Automation hit a 52-week high of Rs 829 on the BSE on Monday. Affordable Robotic & Automation share price today surged 19 per cent in the intraday, extending Friday's up move amid heavy volumes. In the last two days, the stock of the industrial products company has zoomed 31 per cent. Affordable Robotic & Automation stock had hit a record high of Rs 864 on August 28, 2023. Read more

3:09 PM

Stock Market LIVE Updates: Federal Bank shares jump 5% after MOFSL reiterates 'Buy' with 23% upside

Federal Bank shares surged to Rs 196.05 a piece in intraday day deals, rising up to 4.64 per cent on Monday after Motilal Oswal Financial Services (MOFSL) gave a target price of Rs 230, a 23 per cent upside to the company’s Friday’s closing price of Rs 187.

Analysts at Motilal Oswal are bullish on Federal Bank as the company has demonstrated a strong growth trajectory over FY22-24, with 20 per cent compound annual growth rate (CAGR) in its loan book and 18 per cent deposit growth. This was despite the bank facing net interest margin pressure (NIM) and higher cost ratios due to rising funding costs and operational expenses. Read more

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty climb

Stock Market LIVE Updates: Indian benchmark equity indices were trading higher on Monday, driven by the record high close on Wall Street by S&P 500 and Dow Jones on Friday.

At 3 PM, the BSE Sensex was up 572.39 points, or 0.70 per cent, at 81,953.75, and the Nifty 50 was at 25,121.05, up 156.80 points, or 0.70 per cent.

2:51 PM

Stock Market LIVE Updates: Wockhardt locks in 5% upper circuit as it nears approval for pneumonia drug

Stock Market LIVE Updates: Wockhardt shares were locked in a 5 per cent upper circuit on BSE, at Rs 1044.65 per share, in Monday's trade. The rally in the stock came after the pharmaceutical company informed that the Central Drugs Standard Control Organisation (CDSCO), India's regulatory body for cosmetics, pharmaceuticals, and medical devices, has given a favourable recommendation to the company's antibiotic drug Miqnaf, which is used in the treatment of community-acquired bacterial pneumonia (CABP) among adults. READ MORE

2:36 PM

Stock Market LIVE Updates: TCS dividend 2024: Ex-date looms; Check payout date, yield, history, & more

Stock Market LIVE Updates: Shares of IT giant, Tata Consultancy Services (TCS) are approaching their ex-date as the company has announced a dividend reward of whopping 1000 per cent, along with its financial results for the second quarter of FY25. India’s largest IT services provider company said in an exchange filing that the company's board has declared a second interim dividend of Rs 10 per equity share of Re 1 each of the company for FY25. READ MORE

2:33 PM

Stock Market LIVE Updates: Passenger vehicle sales growth expected to be below 5% in FY25, says Siam Prez

Stock Market LIVE Updates: The flat sales of passenger vehicles (PVs) in the first half of 2024-25 came as a “slight surprise” for the automobile industry, but it is expecting a rebound in the second half due to the festival season, Shailesh Chandra, President, Society of Indian Automobile Manufacturers (SIAM), said on Monday. Chandra said that the PV industry is expected to post a growth of “sub 5 per cent” in financial year 2024-25 (FY25). READ MORE

Stock Market Highlights, Monday, October 14, 2024: The benchmark equity indices, BSE Sensex, and NSE Nifty50 ended the week's first trading session in positive territory, riding on the back of heavy buying across banks, IT, and financial services stocks.

The 30-share Sensex added 591.69 points or 0.73 per cent to settle at 81,973.05. Similarly, NSE Nifty50 ended higher by 163.70 points or 0.66 per cent at 25,127.95 on Monday.

The day ended in favor of the bulls as 33 out of 50 constituent stocks of Nifty50 ended in green, led by Wipro, Tech Mahindra, HDFC Life Insurance, HDFC Bank, and Larsen & Toubro, with gains extending up to 4.24 per cent. Conversely, ONGC, Maruti Suzuki India, Tata Steel, Bajaj Finance, and Adani Enterprises were the top laggards of the index, with losses extending up to 2.05 per cent.

Among the broader indices, Nifty Midcap 100, and Nifty Smallcap 100 settled higher by 0.43 per cent each.

Bank Nifty, Financial Services, IT, Private Bank, and Realty indices outperformed the other sectoral indices, and ended higher by over 1 per cent each. The remaining sectoral indices too ended in green barring Media, Metal, and OMCs.

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Topics :MARKET WRAP MARKET LIVE Markets Sensex Nifty MARKETS LIVE MARKETS TODAY stock market trading S&P BSE Sensex Nifty 50 Gift Nifty Nifty50 BSE NSE BSE NSE equity share market Indian stock market Indian stock markets US markets Asia Markets india market Indian markets Indian market global stock market Global stock markets Asian markets Wipro Reliance Industries HCLTech

First Published: Oct 14 2024 | 8:09 AM IST

Market Close Highlights, Oct 14: Sensex adds 591 pts, Nifty ends above 25,100; IT, Banks outperform

Stock Market Today:The day ended in favor of the bulls as 33 out of 50 constituent stocks of Nifty50 ended in green, led by Wipro, Tech Mahindra, HDFC Life Insurance, HDFC Bank, and Larsen & Toubro

Key Events

Market View: Nifty50's positive momentum to continue towards 25,234 – 25,360